Farn3e9ldCoona Farn3e9ldCoona
  • 23-01-2017
  • Mathematics
contestada

A firm has a debt to asset ratio of 75%, $264,000 in debt, and net income of $49,280. calculate return on equity

Respuesta :

nobillionaireNobley
nobillionaireNobley nobillionaireNobley
  • 31-01-2017
Asset = 264,000 / 0.75 = $352,000
Shareholders equity = $352,000 - $264,000 = 88,000

Return on equity = 49,280 / 88,000 x 100% = 56%
Answer Link

Otras preguntas

what is a theme plz help ill be you friend
25°C is what in Fahrenheit?
a story problem for 7 ×6=42
“Do you think a knight would flee from danger? Besides, you, a fair girl, are here alone. Think you a knight would leave you or any woman so? Tell me your troub
Who was the u.s president who served in the office the longest?
The Third-Fifths compromises resulted in
The computer system unit (the box enclosing the equipment) includes the ____, which is the electronic circuit board that connects the systemâs main components.
What is 403.608 in words
what did supreme court decisions incorporating the bill of rights mean/5840811/bccd3283?utm_source=registration
In the biological hierarchy of systems, cells will combine to form